Economy of scale
SYDNEY Ports Corporation has defended the economic rationale for choosing Hutchison Port Holdings as the operator of Port Botany’s third container terminal amid claims from a rival proponent that the decision conflicted with the port corporation’s own stated aims.
After some global financial crisis-related hiccups, Port Botany’s $1bn expansion, specifically the procurement of a third stevedore, is now locked in and construction remains on track.
Hutchison was confirmed in December as the preferred operator, having been picked from a...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
